By Silicon Valley / San Jose Business Journal

Tesla Motors Inc. is reportedly sold out of its Model S sedan capacity for 2012 and is expected to earn profit in 2013 for the first time, according to a Bloomberg story Friday citing a television interview with the company's CEO Elon Musk.

The Palo Alto-based electric vehicle maker (NASDAQ:TSLA) claims to have orders for more than 6,500 of the cars to be built in 2012, retailing for about $50,000.

The company is slated to announce quarterly earnings on Nov. 2. Its stock closed Friday at $29.87, up nearly 4 percent.

Click here to watch the video of Musk.

Written by Lisa Sibley. She can be reached at 408.299.1830 or

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